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Green Deal lands £244m boost

The Green Deal Finance Company has revealed a £244 million funding boost for green schemes.

Green Deal Finance Company chief executive Mark Bayley confirmed company signed a package of financing agreements which will provide a total £244m funding package for the set-up, financing and administration of Green Deal Plans.

The company aims to deliver low-cost financing to underpin the Green Deal and includes six local authorities as well as groups such as the Construction Products Association

Members also include Skanska, Kier, Keepmoat and Wolseley.

It comes as a proposed 28-turbine wind power development at Brechfa Forest West, Carmarthenshire, was given the go-ahead by the Department of Energy and Climate Change.

Developer RWE Npower expects the project to power the equivalent of up to 39,700 homes and to support up to 150 jobs during its construction phase.

A Department of Energy and Climate Change spokesman said: “Onshore wind has an important role to play as part of a balanced energy mix.

“This development will enhance our energy security, help to reduce greenhouse gas emissions and create up to 150 construction jobs.”

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